Hmmm, it's strange

DervProf

sjaypink wrote: »

I would suggest (taking all circumstances of those associated with property owning/buying/selling/lusting into account) that it is actually less than half of the UK who would be pissed at a house price fall. Not that a think a policy either way will be a particular vote winner. Justdon't think that the value of your home is as bigger deal to most as it would seem on here at times.

Those who encourage/welcome HPI are usually those who own, or are buying more than one property. There are owners of a single property who also welcome HPI, but they often don't have children, or have been blinded by property !!!!!! and "more good news for homeowners" headlines in the media. Speaking for myself, a 30% fall in the value of my own home wouldn't have any real impact on my finances, in fact it might improve them (cheaper homes means that banks will be able to issue more mortgages which will get property transactions up - more business for anyone connected with property). It will also leave more money in the pockets of future buyers which will mean they have more to spend on other things. Yes, there may be a short term psychological impact of lower property prices, but once the property !!!!!! is removed from our screens, and the public have been weaned off "high(er) property prices = good", we'll get on with earning our wealth, rather than waiting for the pyramid scheme payout.